Artemis appoints Tim Steer

Tim Steer will join the Artemis multi-cap investment team at the end of June 2009. He will be joined by his colleague Stephen Yiu.

Based in the London office, his prime responsibility will be as the appointed manager of the Artemis UK Growth Fund. He will assume this responsibility following a short period of familiarisation. 

The current manager, Adrian Paterson, will return to his investment trust roots by joining John Dodd managing the Artemis Alpha Trust plc – Artemis’ “best ideas” investment trust.

Additionally, Tim will manage a UK Hedge Fund, the details of which will become available once he has joined the company.

Commenting upon the announcements, Mark Tyndall, CEO of Artemis, said: “I am delighted that Tim is joining us. His pragmatic and flexible approach to investing will provide benefits for clients as well as an additional intellectual input to the multi-cap team.”

Richard Turpin, Managing Director of Artemis Fund Managers Limited said: “It is especially rewarding that Tim will be joining us in June.  His investment skills, enthusiasm and his ability to generate positive returns are very well known and we especially look forward to working with him.”

Source: Internal as at 20/3/2009.